Marquette National Corporation Announces Four-for-One Stock Split
CHICAGO, July 2, 2014 /PRNewswire/ -- Marquette National Corporation (OTCQB: MNAT) today announced that its Board of Directors declared a four-for-one stock split of its common stock payable in the form of a stock dividend. The four-for-one stock split will be payable on August 1, 2014 to shareholders of record on July 18, 2014. The Company currently has 256,429 shares of common stock issued and outstanding. The last reported sales price for the common stock was $315.00. After the stock split, the current number of shares of common stock outstanding will increase to 1,025,716 shares, and the per share price will be adjusted.
Paul M. McCarthy, Chairman and Chief Executive Officer of Marquette National Corporation stated, "The decision to declare a four-for-one stock split should establish a market price for our stock that is, on a per share basis, more affordable and accessible to a wider range of investors and is intended to increase our overall shareholder base and the liquidity in our stock over time."
Marquette National Corporation is a diversified bank holding company with total assets of approximately $1.6 billion. The Company's banking subsidiary, Marquette Bank, is a full-service, customer-focused community bank that serves the financial needs of communities in Chicagoland, offering an extensive line of financial products including retail banking, mortgage, trust, investments and business banking to consumers and commercial customers. Marquette Bank has 22 branches located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Romeoville and Summit, Illinois. For more information visit: http://www.emarquettebank.com.
Special Note Concerning Forward-Looking Statements
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
For more information:
Paul Eckroth
EVP & CFO
708-364-9011
[email protected]
SOURCE Marquette National Corporation
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